Forex Today: Dollar recovers after selloff, durable goods orders, Fed speculation in focus
Here is what you need to know on Wednesday, August 25: Markets have cooled down
German IFO Business Climate Index drops further to 99.4 in August, EUR/USD unfazed
German IFO Business Climate Index came in at 99.4 in August. IFO Current Economic Assessment
German IFO’s Economist: 70% of industrial businesses complain about supply chain bottlenecks
Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that
EUR/USD looks supported by the 200-hour SMA near 1.1730
EUR/USD alternates gains with losses near the 1.1750 area. The German Business Climate eased a
USD/CAD struggles to capitalize on modest gains, holds steady above 1.2600 mark
A combination of supporting factors assisted USD/CAD to gain positive traction on Wednesday. An extension
ECB’s de Guindos: Central bank could again revise upwards macroeconomic projections
The European Central Bank (ECB) could again revise upwards macroeconomic projections for Eurozone in a
GBP/USD remains below mid-1.3700s, US Durable Goods Orders eyed
GBP/USD attracted some dip-buying near the 1.3700 mark, though lacked any follow-through. A modest USD
Litecoin Price Prediction: LTC bulls target $225
Litecoin price dropped 9% over the past 24 hours as crypto markets tumbled. Although the
EIA Crude Stocks And The Energy Rebound
After falling through most of the month, crude prices finally hit a rebound this week.
APAC STOCKS SURGE ON PFIZER VACCINE APPROVAL
Hong Kong stocks led the overall gains in the Asian markets, while Chinese tech stocks